308 W Main StHarrisvilleMI48740
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Harrisville at 308 W Main St, Harrisville, MI, 48740 with 5% annual appreciation on a $145,000 basis while $1,094/mo rent supports operations. Total monthly income totals $1,094/mo and a $710/mo payment preserves $138/mo for cash returns. Annual cash flow comes to $1,650/yr on $48,068 deployed, and return on cash invested reaches 23.34% in year one. Equity gained on principal adds $936/yr, and five-year appreciation sums $40,061 alongside rental yield of 9.05%. Five-year ROI measures 121.82% and total cumulative return in cash totals $58,556.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,094/mo property income versus a $710/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1940
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48740, Harrisville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,725 (100%) |
| Owner Occupied HU | 990 (57.4%) |
| Renter Occupied HU | 156 ( 9.0%) |
| Vacant Housing Units | 579 (33.6%) |
| Median Home Value | $191,848 |
| Average Home Value | $231,965 |
Housing Distribution
Address Breakdown
Residential
1,115
Single Family
1,074
Multi-Family
41
Businesses
120
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Listed by: Erin Body • Forty Five North Real Estate
Mls Name: WWMLS
Mls ID: #201838038